RE: RE: RE: RE: RE: Value Per OzSo, without speculating as to what they may or may not prove up , at the moment, with a market cap of $30m, GBB is being priced with the expectation 1m oz at $30 an ounce.
If they manage to prove 2 m oz, then the stock should double to 34-35c, assuming the broader equity markets are stable. There is a lot of resistance on the chart at 35c, by the way.
The assumption by many on here is that 2.5-3m oz will be proven. I hope so. The company appears to be getting its house in order, so let's hope the 2011 propensity for it to disappoint is now in the past. If it isn't, then that 2.5m oz assumption may not be met.
I have a lot of stock in this company. I can tell you for a fact OSK at present doesn't have any. It is the largest shareholder in 3Gold next door, however.